Landlords and tenants in NSW could be set for financial relief under tweaks to the state government’s proposed legislation changes designed to tackle the coronavirus pandemic.

The NSW government has introduced legislation to change about 40 state laws in a move to deal with the virus and its economic impacts.

The amendments would allow payroll tax exemptions for JobKeeper payments to stood-down workers, and change statutory leave laws to provide alternatives to workers standing down.

Times are tough right now in the tourism market (any market really except for toilet paper and hand sanitizer). Therefore if you’re a landlord or an agent in the short term and/or holiday rental market, you will definitely be feeling it from both sides.

The reality is that traditional tourist business is very unlikely to pick up again for a few months. The NSW Government has also now placed heavy restrictions for anyone in NSW to stay in an Airbnb or short term rental agency accommodation without a legitimate reason, and other states are likely to follow this example.

Property Technology (or PropTech) is the general name for technology focused on the property industry. Similar to FinTech, which concentrates on the financial world, PropTech is designed with the goal in mind to simplify an industry that is traditionally run on tedious manual processes, with a lot of paperwork involved.

The Tasmanian housing crisis is something that we have been paying close attention to at Instarent. For one of the first times we are seeing the social and economic effect of new platforms such as AirBnB within the Hobart and Tasmanian community.

When you hire a property manager, a major part of their role is managing repair and maintenance requests on your rental property. You are reliant on their expertise to filter which repairs you need to urgently respond to, and connect you with a trades person that they are confident will do a quality job for a reasonable price.

Innovative Bush Fire Appeal Applauded as Single Mother Receives Instant Aid.

• Mother and daughter relocated by Instarent
• Innovative solution receives ovation from industry experts
• Instarent seeks to aid more families in need while assisting landlord contributions

With more than 2,170 homes effected by the bushfires, communities have been torn apart and many people have been left in limbo with no home. Smoke from the bushfires has wreaked havoc with air quality in Sydney reaching hazardous levels. Health practitioners are warning the public that being outside in Australia’s largest city is the equivalent to smoking a pack of cigarettes - in a single day.

There are a variety of ways to create wealth through property development, including subdividing a property. Subdivision entails converting a single block of land into two (or more) plots. This might be a great opportunity for you to build a rental unit to generate a bit of passive income by turning an existing property into an investment property.

If you are renting a property in Australia, be prepared for regular inspections. Rental inspections allow a landlord to check their property to ensure it’s being cared for. In most cases, tenants will be given a good amount of advanced notice, so you shouldn’t have to worry about your landlord suddenly dropping by unexpected.

You may think that once you have tenants in your investment property, you can just sit back and wait for your monthly rental fees to be transferred to your account. While investment properties are less work once they are leased there’s still occasional work to be done.